VSS Financial services proprietary limited has raised ZAR 30,000,000 in a round of funding on January 3, 2018. The company will issue perpetual preference shares in the transaction. The transaction will include participation from Ecsponent Limited (JSE:ECS). Preference shares may be redeemed or converted into any other class of shares at the option of the company. The Company expects to invest into the preference shares in tranches. The transaction has been approved by the board of directors of the investor.